..

Bitcoin Market Share at Levels Just After Hitting Near $20K High

Written by:
Guest
Published on:
Aug/07/2018

Bitcoin's share of the entire cryptocurrency market stood at 47.6 percent, the highest level since December 20, according to a report filed by CNBC Tuesday.

The cryptocurrency, which now accounts for upwards of 80% of all online gambling transactions at some betting sites, hit a record high of $19,783.21 on December 17.  Today it was hovering around the $7000 mark.

CNBC noted that bitcoin has been helped with positive regulatory noises, including hope that the U.S. Securities and Exchange Commission (SEC) could approve an exchange-traded fund.

Arjun Kharpal of CNBC writes:     

The dominance of bitcoin — which is the percentage its market capitalization contributes to the entire value of the cryptocurrency market — stood at 47.6 percent on Tuesday, according to data from Coinmarketcap.com, a website that tracks such data

This is the highest level since December 20, 2017, just days after bitcoin hit its record high of $19,783.21 on December 17. Bitcoin's dominance has recovered since it hit its lowest level in January but the price, which was at just over $7,000 on Tuesday, is a way off the December all-time high.

- Aaron Goldstein, Gambling911.com

Business/Financial News

Jury Fails to Come to Decision in Kleiman Wright Trial of the Century

Jurors told the judge in the case of Ira Kleiman vs. Craig Wright that they were unable to come up with a decision.  The judge issued an Allen charge, which requires them to  now deliberate until they have a decision.

Kleiman vs. Wright Jury Notes But No Verdict Yet

Questions included How much of the intellectual property does W&K currently have under the estate?

El Salvador's Bitcoin City Lacks Sewage Treatment Plan

It's already been determined there will be no tax on income, capital gains, payroll or property.  What could possibly go wrong?

First "Bitcoin City" is Coming to El Salvador

First "Bitcoin City" is Coming to El Salvador

El Salvador would initially issue a $1 billion bond backed by bitcoin to begin raising funds for the planned city.

Bitcoin Bloodbath as the Big Reveal is Almost Here

Bitcoin Bloodbath as the Big Reveal is Almost Here

Bitcoin has crashed to $56,770 as of Thursday evening, representing a greater than 12% loss on the week, down from just over $66,000.  Meanwhile a Miami jury is set to decide once and for all the true identity of Bitcoin's founder in just a matter of days.

Syndicate